JetBlue Airways Corporation (NASDAQ:JBLU) Receives $5.25 Consensus Price Target from Brokerages

Shares of JetBlue Airways Corporation (NASDAQ:JBLU) have earned a consensus rating of “Reduce” from the eleven analysts that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $5.25.

Several equities analysts recently commented on the company. Susquehanna upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. UBS Group lifted their price target on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research report on Friday, September 5th. TD Cowen increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th.

Institutional Investors Weigh In On JetBlue Airways

Several large investors have recently made changes to their positions in JBLU. American Century Companies Inc. boosted its position in shares of JetBlue Airways by 7.8% in the 1st quarter. American Century Companies Inc. now owns 9,457,873 shares of the transportation company’s stock valued at $45,587,000 after purchasing an additional 685,880 shares during the period. Geode Capital Management LLC lifted its holdings in shares of JetBlue Airways by 1.7% in the second quarter. Geode Capital Management LLC now owns 7,745,777 shares of the transportation company’s stock valued at $32,770,000 after purchasing an additional 128,622 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in JetBlue Airways by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,964,013 shares of the transportation company’s stock worth $33,567,000 after acquiring an additional 238,342 shares in the last quarter. Par Capital Management Inc. lifted its position in shares of JetBlue Airways by 105.3% in the second quarter. Par Capital Management Inc. now owns 5,487,425 shares of the transportation company’s stock worth $23,212,000 after purchasing an additional 2,814,870 shares in the last quarter. Finally, U S Global Investors Inc. increased its stake in JetBlue Airways by 25.2% in the 2nd quarter. U S Global Investors Inc. now owns 5,021,419 shares of the transportation company’s stock valued at $21,241,000 after buying an additional 1,011,279 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

JetBlue Airways Stock Up 3.4%

JBLU opened at $4.52 on Friday. JetBlue Airways has a one year low of $3.34 and a one year high of $8.31. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -3.42 and a beta of 1.85. The business’s fifty day moving average is $4.55 and its two-hundred day moving average is $4.69. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.84 and a current ratio of 0.82.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. The firm had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.32 billion. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.JetBlue Airways’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. Analysts anticipate that JetBlue Airways will post -0.69 EPS for the current fiscal year.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.